Sensex snaps 4-day winning run, slips 215 pts ahead of US Fed rate decision

Market Wrap: Bharti Airtel, Maruti, HCL Technologies and Hindustan Unilever were the prominent losers, while ITC and Sun Pharma finished with steady gains.

12:06 PM

Gold firms as dollar softens with market focus on Fed Reserve's decision

Gold firms as dollar softens with market focus on Fed Reserve's decision. Read here

11:56 AM

RBI Guv LIVE | US Fed endlessly tightening policy can not be the case

>> Once the US Fed tightening is over, the tide will turn and India's capital flows will resume

11:50 AM

RBI Guv LIVE | Rupee remains least misaligned among most currencies

>> In FY23, rupee has depreciated by 8% vs a 13% rise in dollar
>> Barring few currencies, all others have signifcantly depreciated vs USD, while the rupee has appreciated vs these currencies
>> In real terms, rupee is the least misaligned in the midst of tsunamis of global turbulence

11:46 AM

RBI Guv LIVE | Liquidity remained slightly tight in Oct, remains transitory

>> This was due to high currency demand
>> This led to liquidity leakage from banks
>> This episode is likely to be transitory as currency demand will go down with festival season now over
>> FPI investments are turning positive 
>> Deposit growth of banks have also picked up recently
>>Banks have cushion of SLR to meet liquidity needs
>> RBI remains agile to maintain liquidity 

11:38 AM

RBI Guv LIVE | Expect CPI to moderate from hereon

11:21 AM

RBI Guv LIVE | Transparency in monetary policy not being compromised in any manner

In reference to questions on transparency of monetary policy, RBI Guv Das says the central bank's letter to the govt on missing inflation targets will eventually be shared in public, but not immediately. 

11:16 AM

RBI Guv LIVE | Closely monitoring inflation trends, impact of past actions

11:14 AM

RBI Guv LIVE | External demand a risk amid global turmoil

>> External demand conditions remain a risk
>> Price and financial sustainability need not be exclusive 
>> Inflation remains elevated

11:12 AM

RBI Guv LIVE | Indian economy resilient; growth remains broad-based

>> MPC actions going a key shift in advanced economies accentutaing financial risks
>> Across EMs, reserve losses being seen due to liquidity outflow
>> Indian economy growing resiliently in this environment
>> Our growth has been broad based

11:06 AM

RBI Guv LIVE | Retail part of CBDC trial to be announced later this month

>> No fixed timeline for official launch, but hopefully in the near future
>> The E-rupee launch a landmark moment; to transform the way business is done

10:55 AM

Eight of 10 net SIP investments go into active equity schemes: Amfi data

An analysis of systematic investment plan (SIP) data shows that over 80 per cent of the net SIP inflows went to active equity schemes in September compared to only 6 per cent in passive schemes and 8 per cent in hybrid. READ MORE

10:41 AM

WATCH | Should you buy telecom stocks ahead of the 5G boom?

10:29 AM

Karnataka Bank zooms 20%, hits over 3-year high on strong Q2 results

The bank said the significant jump in net profit is mainly because of improved earnings, improved asset quality, healthy growth of advances, cost containment, and efficiency enhancement, among others. Read more

10:14 AM

COMMENT | Wait and watch for US Fed rate hike guidance

Globally markets are waiting for the Fed commentary tonight. 75 bps rate hike is a given and already discounted by the markets. So it will be the Fed’s commentary and probable guidance that would be market moving. The Fed is likely to continue with its hawkish stance but any mildly dovish signal will be positive for markets. In the absence of any rate moderation signal, markets are likely to correct. So investors may wait and watch for this big event.

 

Q2 results are panning out on expected lines. A notable feature is the superior performance of the premium segment particularly in automobiles and the very good results of financials, particularly banking. Apart from the excellent performance of the leading private banks, many PSU banks, too, have done well. Since this PSU segment is under-owned and cheap there is some scope for further short-term rally.

Views by V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services

10:04 AM

LIC Housing Finance plunges 13% on disappointing September quarter results

LIC Housing Finance's net interest income (NII) declined by 0.8 per cent to Rs 1,163 crore in the reporting quarter from Rs 1,173 crore a year ago. Read more